Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
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Primega Group Holdings Limited (Nasdaq: PGHL) received a notification from Nasdaq about not meeting the minimum bid price requirement of $1 per share. This does not immediately affect the company's listing.
March 14, 2025 | 10:30 am
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Primega Group Holdings Limited has been notified by Nasdaq for not meeting the minimum bid price requirement of $1 per share. This could lead to potential delisting if not rectified.
The notification from Nasdaq indicates that PGHL's stock price has been below the required $1 minimum for a specified period. This poses a risk of delisting if the company does not take corrective action, which could negatively impact investor sentiment and stock price.
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IMPORTANCE 80
RELEVANCE 100